Quarterly report pursuant to Section 13 or 15(d)

Net Assets (Tables)

v3.23.2
Net Assets (Tables)
 6 Months Ended
Jun. 30, 2023
Investment Company [Abstract]  
Investment Company, Changes in Net Assets
The following table summarizes transactions in common shares of beneficial interest during the three months ended June 30, 2023:
Shares Amount
CLASS I
Subscriptions 1,585,743  $ 38,749 
Share transfers between classes —  — 
Distributions reinvested 330,161  8,064 
Share repurchases (168,582) (4,167)
Early repurchase deduction —  23 
Net increase (decrease) 1,747,322  $ 42,669 
CLASS D
Subscriptions 2,026,626  $ 49,495 
Share transfers between classes 223,376  5,462 
Distributions reinvested 205,700  5,024 
Share repurchases (1,015,260) (25,097)
Early repurchase deduction —  12 
Net increase (decrease) 1,440,442  $ 34,896 
CLASS F
Subscriptions 6,486,082  $ 158,441 
Share transfers between classes (223,376) (5,462)
Distributions reinvested 984,876  24,055 
Share repurchases (2,808,781) (69,433)
Early repurchase deduction —  62 
Net increase (decrease) 4,438,801  $ 107,663 
Total net increase (decrease) 7,626,565  $ 185,228 
The following table summarizes transactions in common shares of beneficial interest during the six months ended June 30, 2023:
Shares Amount
CLASS I
Subscriptions 2,489,409  $ 60,642 
Share transfers between classes 675,921  16,465 
Distributions reinvested 682,337  16,590 
Share repurchases (545,902) (13,374)
Early repurchase deduction —  38 
Net increase (decrease) 3,301,765  $ 80,361 
CLASS D
Subscriptions 3,276,005  $ 79,895 
Share transfers between classes 223,376  5,462 
Distributions reinvested 387,709  9,430 
Share repurchases (1,015,260) (25,097)
Early repurchase deduction —  20 
Net increase (decrease) 2,871,830  $ 69,710 
CLASS F
Subscriptions 10,612,439  $ 258,850 
Share transfers between classes (899,297) (21,927)
Distributions reinvested 1,997,873  48,579 
Share repurchases (3,490,087) (86,057)
Early repurchase deduction —  101 
Net increase (decrease) 8,220,928  $ 199,546 
Total net increase (decrease) 14,394,523  $ 349,617 
The following table summarizes transactions in common shares of beneficial interest during the three months ended June 30, 2022:
Shares Amount
CLASS I
Subscriptions 11,614,029  $ 289,853 
Share transfers between classes —  — 
Distributions reinvested 130,757  3,250 
Share repurchases —  — 
Early repurchase deduction —  5 
Net increase (decrease) 11,744,786  $ 293,108 
CLASS D
Subscriptions 5,460,822  $ 136,150 
Share transfers between classes —  — 
Distributions reinvested 37,241  925 
Share repurchases —  — 
Early repurchase deduction —  2 
Net increase (decrease) 5,498,063  $ 137,077 
CLASS F
Subscriptions 34,428,475  $ 856,747 
Share transfers between classes —  — 
Distributions reinvested 239,945  5,972 
Share repurchases (41,118) (1,000)
Early repurchase deduction —  13 
Net increase (decrease) 34,627,302  $ 861,732 
Total net increase (decrease) 51,870,151  $ 1,291,917 
The following table summarizes transactions in common shares of beneficial interest during the six months ended June 30, 2022:
Shares Amount
CLASS I
Subscriptions 22,321,278  $ 557,897 
Share transfers between classes —  — 
Distributions reinvested 160,666  4,001 
Share repurchases —  — 
Early repurchase deduction —  5 
Net increase (decrease) 22,481,944  $ 561,903 
CLASS D
Subscriptions 10,160,097  $ 253,975 
Share transfers between classes —  — 
Distributions reinvested 39,399  979 
Share repurchases —  — 
Early repurchase deduction —  2 
Net increase (decrease) 10,199,496  $ 254,956 
CLASS F
Subscriptions 55,380,400  $ 1,381,431 
Share transfers between classes —  — 
Distributions reinvested 267,616  6,666 
Share repurchases (41,118) (1,000)
Early repurchase deduction —  13 
Net increase (decrease) 55,606,898  $ 1,387,110 
Total net increase (decrease) 88,288,338  $ 2,203,969 
Dividends Declared The following table presents distributions that were declared during the six months ended June 30, 2023:
Class I
Declaration Date Record Date Payment Date
Distribution Per Share(2)
Distribution Amount
January 19, 2023 January 31, 2023 February 28, 2023 $ 0.18100  $ 6,441 
February 28, 2023 February 28, 2023 March 31, 2023 0.19000  6,980 
March 28, 2023 March 31, 2023 April 28, 2023 0.20300  7,518 
April 28, 2023 April 30, 2023 May 31, 2023 0.20400  7,561 
May 26, 2023 May 31, 2023 June 30, 2023 0.20500  7,668 
June 28, 2023 June 30, 2023 July 31, 2023 0.20500  7,907 
Total $ 1.18800  $ 44,075 
Class D
Declaration Date Record Date Payment Date
Distribution Per Share(1)(2)
Distribution Amount
January 19, 2023 January 31, 2023 February 28, 2023 $ 0.17590  $ 3,173 
February 28, 2023 February 28, 2023 March 31, 2023 0.18530  3,351 
March 28, 2023 March 31, 2023 April 28, 2023 0.19780  3,752 
April 28, 2023 April 30, 2023 May 31, 2023 0.19900  3,951 
May 26, 2023 May 31, 2023 June 30, 2023 0.19980  4,081 
June 28, 2023 June 30, 2023 July 31, 2023 0.20000  4,285 
Total $ 1.15780  $ 22,593 
Class F
Declaration Date Record Date Payment Date
Distribution Per Share(1)(2)
Distribution Amount
January 19, 2023 January 31, 2023 February 28, 2023 $ 0.17090  $ 16,003 
February 28, 2023 February 28, 2023 March 31, 2023 0.18070  16,992 
March 28, 2023 March 31, 2023 April 28, 2023 0.19260  18,590 
April 28, 2023 April 30, 2023 May 31, 2023 0.19400  18,948 
May 26, 2023 May 31, 2023 June 30, 2023 0.19460  19,516 
June 28, 2023 June 30, 2023 July 31, 2023 0.19500  20,103 
Total $ 1.12780  $ 110,152 
(1) Distributions per share are net of shareholder servicing and/or distribution fees.
(2) Distributions per share include variable supplemental distributions of $0.021, $0.030, $0.043, $0.044, $0.045 and $0.045, for January, February, March, April, May and June, respectively, for all share classes outstanding.


The following table presents distributions that were declared during the six months ended June 30, 2022:
Class I
Declaration Date Record Date Payment Date Distribution Per Share Distribution Amount
February 27, 2022 February 28, 2022 March 31, 2022 $ 0.13542  $ 958 
March 30, 2022 March 31, 2022 April 29, 2022 0.14640  1,572 
April 29, 2022 April 30, 2022 May 31, 2022 0.14640  2,524 
May 31, 2022 May 31, 2022 June 30, 2022 0.14640  2,942 
June 29, 2022 June 30, 2022 July 29, 2022 0.14640  3,291 
Total $ 0.72102  $ 11,287 

Class D
Declaration Date Record Date Payment Date Distribution Per Share Distribution Amount
February 27, 2022 February 28, 2022 March 31, 2022 $ 0.13542  $ 172 
March 30, 2022 March 31, 2022 April 29, 2022 0.14640  688 
April 29, 2022 April 30, 2022 May 31, 2022 0.14640  1,107 
May 31, 2022 May 31, 2022 June 30, 2022 0.14640  1,282 
June 29, 2022 June 30, 2022 July 29, 2022 0.14640  1,493 
Total $ 0.72102  $ 4,742 

Class F
Declaration Date Record Date Payment Date Distribution Per Share Distribution Amount
February 27, 2022 February 28, 2022 March 31, 2022 $ 0.13542  $ 1,638 
March 30, 2022 March 31, 2022 April 29, 2022 0.14640  3,072 
April 29, 2022 April 30, 2022 May 31, 2022 0.14640  4,768 
May 31, 2022 May 31, 2022 June 30, 2022 0.14640  6,535 
June 29, 2022 June 30, 2022 July 29, 2022 0.14640  8,147 
Total $ 0.72102  $ 24,160 
Schedule of Net Asset Value Per Share The following table summarizes each month-end NAV per share for Class S, Class I, Class D and Class F common shares of beneficial interest during the six months ended June 30, 2023 and 2022:
NAV Per Share
For the Months Ended
Class S(1)
Class I Class D Class F
January 31, 2023 $ —  $ 24.36  $ 24.36  $ 24.36 
February 28, 2023 $ —  $ 24.56  $ 24.56  $ 24.56 
March 31, 2023 $ —  $ 24.40  $ 24.40  $ 24.40 
April 30, 2023 $ —  $ 24.42  $ 24.42  $ 24.42 
May 31, 2023 $ —  $ 24.45  $ 24.45  $ 24.45 
June 30, 2023 $ —  $ 24.72  $ 24.72  $ 24.72 
(1) Class S has not commenced operations as of June 30, 2023.
NAV Per Share
For the Months Ended
Class S(1)
Class I Class D Class F
February 28, 2022 $ —  $ 25.10  $ 25.10  $ 25.10 
March 31, 2022 $ —  $ 25.09  $ 25.09  $ 25.09 
April 30, 2022 $ —  $ 24.94  $ 24.94  $ 24.94 
May 31, 2022 $ —  $ 24.61  $ 24.61  $ 24.61 
June 30, 2022 $ —  $ 24.32  $ 24.32  $ 24.32 
(1) Class S has not commenced operations as of June 30, 2022.
Summary of Cash Distribution For Declaration of Common Shares The following table reflects the sources of cash distributions on a U.S. GAAP basis that the Company has declared on its Common Shares during the six months ended June 30, 2023:
Class I Class D Class F
Source of Distribution Per Share Amount Per Share Amount Per Share Amount
Net investment income $ 1.1880  $ 44,075  $ 1.1578  $ 22,593  $ 1.1278  $ 110,152 
Net realized gains —  —  —  —  —  — 
Total $ 1.1880  $ 44,075  $ 1.1578  $ 22,593  $ 1.1278  $ 110,152 
The following table reflects the sources of cash distributions on a U.S. GAAP basis that the Company has declared on its shares of Common Shares during the six months ended June 30, 2022:
Class I Class D Class F
Source of Distribution Per Share Amount Per Share Amount Per Share Amount
Net investment income $ 0.7210  $ 11,287  $ 0.7210  $ 4,742  $ 0.7210  $ 24,160 
Net realized gains —  —  —  —  —  — 
Total $ 0.7210  $ 11,287  $ 0.7210  $ 4,742  $ 0.7210  $ 24,160 
Class of Treasury Stock
The following table summarizes the share repurchases completed during the six months ended June 30, 2023:
Repurchase Deadline Request
Percentage of Outstanding Shares the Company Offered to Repurchase(1)
Repurchase Pricing Date
Amount Repurchased (all classes)(2)
Number of Shares Repurchased (all classes)
Percentage of Outstanding Shares Purchased(1)
March 2, 2023 5.00  % March 31, 2023 $ 25,836  1,058,869  0.73  %
May 30, 2023 5.00  % June 30, 2023 $ 98,692  3,992,380  2.64  %


The following table summarizes the share repurchases completed during the six months ended June 30, 2022:
Repurchase Deadline Request
Percentage of Outstanding Shares the Company Offered to Repurchase(1)
Repurchase Pricing Date
Amount Repurchased (all classes)(2)
Number of Shares Repurchased (all classes)
Percentage of Outstanding Shares Purchased(1)
May 31, 2022 5.00  % June 30, 2022 $ 1,000  41,118  0.11  %
(1)Percentage is based on total shares as of the close of the previous calendar quarter. All repurchase requests were satisfied in full.
(2)Amounts not inclusive of Early Repurchase Deduction.